SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
And Regulation FD
Date of Report (Date of earliest event reported) October 24, 2002
WHIRLPOOL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-3932 38-1490038
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
2000 M63 North, Benton Harbor, Michigan 49022-2692
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(Address of principal executive officers) (Zip Code)
(269)-923-5000
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Registrant's telephone number, including area code
Item 5. - Other Events
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During the week ending October 18, 2002, the Company commenced mailing a
summary of the annual report for the Whirlpool 401(k) Plan for the 2001 plan
year that ended December 31, 2001 to members of the Plan.
Item 7. - Financial Statements and Exhibits
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Copy of annual report to members of the Whirlpool Corporation 401(k) Plan.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WHIRLPOOL CORPORATION
Date: October 24, 2002 By: /s/ Robert T. Kenagy
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Name: Robert T. Kenagy
Title: Corporate Secretary
Exhibit A
Summary Annual Report for Whirlpool Corporation 401(k) Plan
This is a summary of the annual report for the Whirlpool Corporation 401(k)
Plan, EIN 38-1490038, Plan No. 001, for the period January 1, 2001 through
December 31, 2001. The annual report has been filed with the Pension and Welfare
Benefits Administration, U.S. Department of Labor, as required under the
Employee Retirement Income Security Act of 1974 (ERISA).
Basic Financial Statement
Benefits under the plan are funded by assets held in a trust. Plan expenses were
$83,517,446. These expenses included $223,605 in plan expenses and $83,293,841
in benefits paid to participants and beneficiaries. A total of 27,931 persons
were participants in or beneficiaries of the plan at the end of the plan year,
although not all of these persons have the right to receive benefits.
The value of plan assets, after subtracting liabilities of the plan, was
$745,900,126 as of December 31, 2001*, compared to $772,710,456 as of January 1,
2001. During the plan year the plan experienced a decrease in its net assets of
$26,810,330. This decrease includes unrealized appreciation and depreciation in
the value of plan assets; that is, the difference between the value of the
plan's assets at the end of the year and the value of the assets at the
beginning of the year or the cost of assets acquired during the year. The plan
had total income of $56,707,116 including employer contributions of $15,756,559,
employee contributions of $56,157,139, and earnings from investments of
$(22,582,920).
Your Rights To Additional Information
You have the right to receive a copy of the full annual report, or any part
thereof, on request. The items listed below are included in that report:
1. an accountant's report;
2. financial information and information on payments to service
providers;
3. assets held for investment; and
4. insurance information.
You also have the right to receive from the plan administrator, on request and
at no charge, a statement of the assets and liabilities of the plan and
accompanying notes, or a statement of income and expenses of the plan and
accompanying notes, or both. If you request a copy of the full annual report
from the plan administrator, these two statements and accompanying notes will be
included as part of that report.
To obtain a copy of the full annual report, or any part thereof, call the office
of Employee Services Center (ESC), (888) 539-2372 or (269) 923-2372. The charge
to cover copying costs will be $5.00 for the full annual report. If you request
a statement of assets and liabilities of the plan and accompanying notes, or a
statement of income and expenses of the plan and accompanying notes, or both,
they will be provided free of charge; 25 cents per page will be charged for
copies of any other part of the annual report.
You also have the legally protected right to examine the annual report at the
main office of the plan (Whirlpool Corporation, Administrative Center, 2000 M-63
North Mail Drop 2804, Benton Harbor, MI 49022-2692) and at the U.S. Department
of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of
Labor upon payment of copying costs. Requests to the Department should be
addressed to: Public Disclosure Room, Room N1513, Pension and Welfare Benefits
Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W.,
Washington, D.C. 20210.
* Note: Due to year-end market fluctuations, there was a decrease in plan value.
There continues to be enough funding in the plan to provide benefits to all
participants.